railway RRB JE (CBT I + CBT II) Mock Test 2024 Quantitative Aptitude Interest Installments

A sum of Rs.  16400 is borrowed to be paid back in 2 years by equal payments allowing 5% compound interest. Find the annual payment.

1
Rs. 8820
2
Rs. 7600
3
Rs. 7590
4
Rs. 7495
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